Enforcement record
Trident Asset Management, L.L.C.: Connecticut Dept. of Banking action, 2018
By Kai Greenspan, Founding Editor · Last updated: July 22, 2026
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- Regulator
- Connecticut Dept. of Banking
- Date of order
- May 30, 2018
- Penalty
- $20,000
- Status
- Resolved
What the regulator found
The consent order sets out the following. Each is the Connecticut Department of Banking’s own account of the matter, not this site’s conclusion.
Collection after the license lapsed (alleged)
The order records that Trident was licensed as a consumer collection agency in Connecticut from January 2011 through December 31, 2016, and was not licensed after that. Following an investigation, the Commissioner alleged that from at least January 2017 to September 2017 Trident acted as a consumer collection agency in Connecticut without the required license, by collecting on consumer debt owned by Orion Portfolio Services. Trident applied for a new license in September 2017.
Unlicensed debt buying by its co-respondents (alleged)
The Commissioner also alleged that Orion Portfolio Services and OPS 9 acted as consumer collection agencies without licenses by acquiring Connecticut consumer debt that was delinquent or in default and indirectly collecting on it through other collection agencies, and that Orion used at least one collection agency that was itself not licensed in Connecticut.
Resolved by consent, without admission
The order states that each company voluntarily agreed to the sanctions to avoid formal administrative proceedings on the allegations. A consent order of this kind resolves the allegations by agreement; it does not include an admission.
How it was resolved
The three respondents jointly paid a $20,000 civil penalty, and Trident additionally paid $400 in back licensing fees. All three agreed not to act as consumer collection agencies in Connecticut without a license. The order records the companies’ assurances: Trident that it had updated its licensing procedures, and Orion and OPS 9 that they had written off the acquired Connecticut debt and stopped collecting on it. The order became final when issued, at Hartford, on May 30, 2018.
Why this is on the directory
Debt Collection Index publishes verified public-record facts about collection agencies, both positive and negative, so the picture is complete. An enforcement action is one factual dimension among many; it sits alongside the company’s bond history, verified licenses and complaint record on the full profile.
See the full profile: Trident Asset Management, L.L.C..
Connecticut Department of Banking, Consent Order, In the Matter of Trident Asset Management, L.L.C., Orion Portfolio Services, L.L.C. and OPS 9, L.L.C.
Primary document read in full at the regulator, July 22, 2026.
Common questions
What did Connecticut regulators allege about Trident Asset Management?
The Connecticut Department of Banking alleged that Trident collected on Connecticut consumer debt from at least January to September 2017 after its consumer collection agency license lapsed at the end of 2016. Trident and its co-respondents resolved the allegations by a 2018 consent order, without admission.
How was the Connecticut matter resolved?
Under the May 2018 consent order, Trident, Orion Portfolio Services and OPS 9 jointly paid a $20,000 civil penalty, Trident paid $400 in back licensing fees, and all three agreed not to act as consumer collection agencies in Connecticut without a license.
Related pages
All enforcement records
Every listed agency with a resolved regulatory action, sourced to the primary document.
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The three public-record checks: the bond register, complaints and enforcement.
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